Government working on plans for new infrastructure Trust Fund

The Finance Ministry is firming up plans for a new Infrastructure Trust Fund aimed at accelerating the flow of long-term investments in various projects, reported PTI.

"We are at the moment working on a new structure called Infrastructure Trust Fund. We will finalise its modalities soon," Sharmila Chavaly, Joint Secretary (Infrastructure) in Ministry of Finance said at event organised by CII.

She said the fund is expected "in the nature of REIT (Real Estate Investment Trust), which is prevalent in countries like Singapore, Hong Kong and USA".

"Under the structure, underlying revenue of projects will be transferred to a trust and the trust will then issue units to investors, including foreign investors, who then want to buy the units," Chavaly added.